1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rosijanka [135]
3 years ago
15

Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 15,000 parts in stock

, although sales for June are estimated to total 13,600 parts. Total sales of parts are expected to be 10,500 in July and 12,700 in August. Parts are purchased at a wholesale price of $30. The supplier has a financing arrangement by which Lakeside Components pays 60 percent of the purchase price in the month when the parts are delivered and 40 percent in the following month. Lakeside purchased 14,000 parts in May. Required: a. Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and July.
Business
1 answer:
Kryger [21]3 years ago
3 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory (parts)= 15,000 parts

Sales June= 13,600

Sales July= 10,500

Sales August= 12,700

Parts are purchased at a wholesale price of $30.

Purchasing arrangement:

60 percent on the month of the purchase.

40 percent in the following month.

Lakeside purchased 14,000 parts in May.

A) To calculate the purchase for June and July, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

June= 13,600 - 15,000= -1,400

July= 10,500 - 1,400= 9,100

B) Cash Required:

Purchase from the month

Purchase from the month before

<u>June:</u>

Purchase from the month= 0

Purchase from the month before= (14,000*30)*0.4= 168,000

<u>July:</u>

Purchase from the month= (9,100*30)*0.6= 163,800

Purchase from the month before= 0

You might be interested in
An oil refinery is located 1 km north of the north bank of a straight river that is 2 km wide. A pipeline is to be constructed f
Kaylis [27]

Answer:

The point p should be located to 4.42 km far from the refinery

Explanation:

Minimum of these costs occurs when <em>x = 1/\sqrt{3}</em> , so <em>distance </em>should be <em>m</em> km to the east of the refinery.

<em>m = 5 - x </em>

<em>m = 5 - 1/\sqrt{3}</em>

<em />

m = 4.42 km

8 0
3 years ago
An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery c
Nikolay [14]

Answer:

$172.25

Explanation:

initial outlay for the project = -$350

cash flow years 1-5 = [($300 - $135 - $70) x (1 - 36%)] + $70 (depreciation expense) = $60.80 + $70 = $130.80

using an excel spreadsheet and the NPV function, we can calculate the project's NPV with an 8% discount rate:

=NPV(8%,130.80,130.80,130.80,130.80,130.80) - $350 = $522.25 - $350 = $172.25

we can also do it manually:

NPV = -$350 + $130.80/1.08 + $130.80/1.08² + $130.80/1.08³ + $130.80/1.08⁴ + $130.80/1.08⁵ = $172.25

6 0
3 years ago
A tax structured so that people with the same income pay the same percentage of their income in taxes is called a (an)__________
djyliett [7]

Answer:

c. progressive tax

Explanation:

Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.

4 0
3 years ago
Read 2 more answers
Companies can depreciate equipment in which of the following ways?
finlep [7]

Answer: asset cost, salvage value, useful life, and obsolescence.

Explanation: Any method may be adopted by companies

7 0
3 years ago
Read 2 more answers
Rosalie’s sales numbers have declined. The Marketing Director, Product Development Lead, and Sales Manager proceed to engage in
kykrilka [37]

Answer: environmental scanning

                     

Explanation: In simple words, environmental scanning refers to the process in which an organisation tries to gather maximum information by an event  and interpret its relationship with the external and internal environment of the entity.

This process in usually done by the top management for estimating future that if there will be any opportunities  to grab or any threats to be concerned about.

Hence from the above we can conclude that the given case depicts environmental scanning.

7 0
3 years ago
Other questions:
  • Lisa Company uses the periodic inventory system and had 100 units in beginning inventory at a total cost of $10,000. The company
    11·1 answer
  • Suppose that businesses buy a total of $170 billion of the four resources (labor, land, capital, and entrepreneurial ability) fr
    15·1 answer
  • In an interview with a television channel, the Public Relations manager of KP Oil explained what his company intended to do to t
    8·1 answer
  • Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp
    9·1 answer
  • Financial data for Joel de Paris, Inc., for last year follow:
    7·1 answer
  • Sally Fuller is a buyer for GWA publishing company. Her job is to purchase supplies and services for the printing of technical m
    5·1 answer
  • Google has written down the following: "to organize the world's information and make it universally accessible and useful." This
    15·1 answer
  • The marketing manager for an automobile manufacturer is interested in determining the proportion of new compact-car owners who w
    13·1 answer
  • Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
    11·1 answer
  • Which of the following can result from inflation in the United States?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!